If a key contributor leaves tomorrow, do you know who would be the best replacement? Organizations that wish to remain competitive must meet the strategic and operational challenges associated with having the right leaders, in the right places, at the right times, and doing the right things.
- Have you identified the most important characteristics of success for key roles in your organization?
- Do you have a clear sense of the skills, capabilities, and potential of your organization’s talent pool?
- Do you know who has the skills and capabilities to fill key roles in the future?
The goal of succession planning is to identify the organization’s future staffing needs, assess the existing talent pool, and prepare for the integration of these two components. This includes addressing the need for cross-training in key roles where continuity is particularly critical to running your business effectively. Depending on your particular situation, succession planning efforts may be focused on senior level executives, key managerial positions, or other important professional positions.